Mortgage Rates Close Out 2010 Higher: Conforming 30 Year Mortgage Rates Averaging 4.86%

Keeping with the recent trend, long term fixed mortgage loan rates and 5 year adjustable mortgage interest rates close out 2010 higher in the most recent mortgage rate survey. 1 year adjustable mortgage loan rates bucked the trend and were lower in the last Primary Mortgage Market Survey released by Freddie Mac in 2010. Conforming 30 year mortgage interest rates are averaging 4.86 percent with 0.8 mortgage discount points for the week ending December 30, 2010. The previous week's mortgage rate survey had 30 year mortgage loan rates averaging 4.83 percent with 0.7 mortgage discount points.

15 year conforming mortgage interest rates are averaging 4.20 percent with 0.8 points for the week ending December 30, 2010, up from the previous week’s average of 4.15 percent with 0.7 mortgage discount points. 15 year home mortgage loan rates hit a record low in 2010 but have since gone higher.

5 year Treasury indexed adjustable mortgage interest rates averaged 3.77 percent for the week ending December 30, 2010, up from the previous week’s average 5 year adjustable home mortgage rate of 3.75 percent. Average mortgage discount points on 5 year adjustable home mortgages was 0.7 points, up from the previous week’s average of 0.6 points.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

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The lenders whose rates and other terms appear on this chart are MRC's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #1025894

5.078%

15-Year Fixed

4.875%

$5,404

Includes 0.851 points for $3,404

Lender Fees: $2,000

$3,138 /mo

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NMLS #1025894

5.760%

30-Year Fixed

5.625%

$5,924

Includes 0.981 points for $3,924

Lender Fees: $2,000

$2,303 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

1 year Treasury indexed adjustable home mortgage loan rates averaged 3.26 percent for the week ending December 30, 2010, up from the prior week’s average 1 year adjustable home mortgage rate of 3.40 percent. Average mortgage points on 1 year adjustable home loans was 0.6 points, down from the prior week’s average of 0.7 points.